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market just getting 'stoopid' here guys... want to close out the quarter with a bang perhaps? :D

 

Not sure, but thinking 11.75-12.25 is a juicy target for the bulls. Was watching for a little reaction at 3.25 there(78.6% ;)) and it did pause. If the 2.25-1.75 area doesn't hold, a deeper rotation to at least 1400 might play out. We'll have to see.:cinema:

 

edit:perhaps 00.25/00.50 would be more like it(although what's a tick between friends when it come in at 1400.00?)

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/i took a 2/3 scale there because it was "high probability" now we have to see if we will rotate down - a possibility or continue up...I have no clue except I have a free trade to find out... One of the things I look for when I put my line out is either where the obstacles are or better where are the stops... since it was always "my stop" getting taken I learned to think from the other side..whhere will their stops get taken...that is where I shoot to lay off some risk and try to get reick neutral for a trade like I am now.. My next possible target 1402.75, more stops, then there is HOD & 1408.50, etc... I scale more aggressively so I will be out of bullets before the 1408 but if I see structure going up and Delta supporting it then I would take continuation trades from the long side but right now this is a "counter-trend" trade in the daytime frame... Interesting..The Daily Trend is UP, the Interday trend is down and we have to determine who will ultimately control it today...

 

I am clueless... :helloooo:

 

Edit: My technicals have caught up with my position so I am going to spread out m,y last 1/3 and shoot for HOD& 1408.00 no clue...my strength is "I know I don't know" with all due respect to my "conscious incompetent."

 

Tom - I have 2 contracts left to ride to that magical 1408!!! :)

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market just getting 'stoopid' here guys... want to close out the quarter with a bang perhaps? :D

 

Absolutely! Instituations building up the year end bonus-account early... :)

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Where did you get long?

 

A little late, but I jumped in at 98.25. Scaled at 1403 and just waiting to see what the remaining 2 contracts will get me. Happy with my day so far...

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A little late, but I jumped in at 98.25. Scaled at 1403 and just waiting to see what the remaining 2 contracts will get me. Happy with my day so far...

 

Good for you..I am not happy with my performance today... my "incompetent" showed up :crap:

 

I got out of Sync with it and took 3 shorts and net minus on the three then went long and got plowed on that one... I realized the short was the right trade - :doh: so I stood back and said let's look at you downside objectives...I saw the 1395.25 as a key number so when we tested it..I said..well the short train left without me so let's take the long...

 

If I come out plus for the day it will be a good day for me... made some bad mistakes... not trade direction but trade management... when that happens it can take a potentially good day & turn it into dung... but I am back to green and if I keep my wits about me it will turn out ok...

 

:missy:

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I dislike watching this instead of participating, but my numbers have not come into play today (we got 1395.75, my buy number was 94s) ...it turned at the 50%, which I usually pay attention to, but I was not convinced enough in this case to buy it.

 

EDIT: I have sold here at 03. That was a swift rejection of 04 when it was touched. I will not give this much room to work.

Edited by joshdance

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Brain Gas: If we do rotate, assuming the upside remains viable... probable but :confused: where might we rotate to get late longs? While we might not rotate the easy stops will be at apx 1401.50 ish the bottom of the 10:30cst bar, why it is the closest Swing Low and many will place their stop there... Of course if the market is strong we might not rotate there... one of the mighty unknowns... :2c: Keeping in mind the 1400.25 number as posted before and the mid-point..

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Good for you..I am not happy with my performance today... my "incompetent" showed up :crap:

 

I got out of Sync with it and took 3 shorts and net minus on the three then went long and got plowed on that one... I realized the short was the right trade - :doh: so I stood back and said let's look at you downside objectives...I saw the 1395.25 as a key number so when we tested it..I said..well the short train left without me so let's take the long...

 

If I come out plus for the day it will be a good day for me... made some bad mistakes... not trade direction but trade management... when that happens it can take a potentially good day & turn it into dung... but I am back to green and if I keep my wits about me it will turn out ok...

 

:missy:

 

I know the feeling all too well...:) I was thinking that if we kept going towards the 96 level, then it would turn into a negative day, but it hung around the 97 level and started creeping back up. That's when I jumped on.

 

My thinking for the rest of the day includes Josh and N's ideas about finishing the week on a high note, so I have a bullish-bias...but then again, all it takes is one crisis event to toss all of that out the window...ACH (is that trademarked by Josh?)

 

CYP

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BTW: If my posts a clutter and they do not help with my dribble then I will just keep it down...

 

I am going to stalk a continuation set up based on my previous view on rotation BUT I will not take it if there is conflict with my other tools...

 

Will catch up later...

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EDIT: I have sold here at 03. That was a swift rejection of 04 when it was touched. I will not give this much room to work.

 

Just reversed to long at 03.50, let's see if I'll get whipped around here. I have a good reason (in my mind!) for reversing so I'm okay with it either way.

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ACH (is that trademarked by Josh?)

 

Yes I have the TM, but it was N who originally used that phrase a lot in it's full form, "anything can happen," or something similar, so he can share royalties from its use 50/50 with me. :rofl:

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Just reversed to long at 03.50, let's see if I'll get whipped around here. I have a good reason (in my mind!) for reversing so I'm okay with it either way.

 

I was just seeing a long there myself but am "looking" for some rotation first..but that is a viable spot..IMHO...

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I was just seeing a long there myself but am "looking" for some rotation first..but that is a viable spot..IMHO...

 

Was also looking for some, but wasn't seeing any, thus the switch in position...

 

targets at 06 and 07.75

Edited by joshdance

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Still hanging in, stop 02.50, changing my targets to 07.25 and 10.50

 

I am still crocheting... "waiting" for a rotation though I was itching to buy it @ 3.50... Since I still am long from below I am not pressed to add...as menioned if we rotate I will be looking at it but since we aren't there is a potential it won't... but I always prefer to see the toilet flushed even if ony a few points... so I know that weak hands are out... just me... otherwise my stop has to be outside that area to be safe... :2c:

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Still hanging in, stop 02.50, changing my targets to 07.25 and 10.50

 

Stop is BE (03.50)

I may consider half at 06.00, will just see -- risk free at this point so I can afford to let it work.If I'm out BE, then I am.. if I get something, then it will be a nice feeling going into the weekend... after all, isn't the point of all of this to feel good?

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Stop is BE (03.50)

I may consider half at 06.00, will just see -- risk free at this point so I can afford to let it work.If I'm out BE, then I am.. if I get something, then it will be a nice feeling going into the weekend... after all, isn't the point of all of this to feel good?

 

"Feelings" - you mean "emotions" ? YOu should visit N's new thread on emotions and throw your 2ct in there... :roll eyes:

 

I am waiting on this thing... don't know how they can leave the 1408.00 up there... Aside from your stop..I am still "hoping" for a rotation but I would be suprised if it happens given that there haven't been any for quite a while... :missy:

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"Feelings" - you mean "emotions" ?

 

Yes -- even if trading itself were emotionless, what is the point of all of this, if not to feel happy? Or make money, which leads to experiences where we feel happy? Or grow ourselves, for satisfaction and, yes, happiness..

 

I am waiting on this thing... don't know how they can leave the 1408.00 up there... Aside from your stop..I am still "hoping" for a rotation but I would be suprised if it happens given that there haven't been any for quite a while... :missy:

 

It looks as though it will simply grind up, or just come back down and not make higher highs. I don't see a rotation to 02 leading to higher highs, for example. This is meant to be chased up. When there are no rotations, it motivates buying higher, which leads to even less likelihood of deeper rotations.

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Yes -- even if trading itself were emotionless, what is the point of all of this, if not to feel happy? Or make money, which leads to experiences where we feel happy? Or grow ourselves, for satisfaction and, yes, happiness..

 

 

 

It looks as though it will simply grind up, or just come back down and not make higher highs. I don't see a rotation to 02 leading to higher highs, for example. This is meant to be chased up. When there are no rotations, it motivates buying higher, which leads to even less likelihood of deeper rotations.

 

Agree with that...it really depends how long this will take to get going on the upside... & if they flush it ... Obviously if it doesn't get going it will break as longs bail... I'm not saying it will... If for some reason we don't get going - then I would expect a flush and then a rally to potential targets above after the cash close...subject to what happens here , of course..that is just one scenario... Personlly I'd prefer to see "some" rotation and just a blast off... but ACH.

 

Actually under 02 is the area I was looking for ...

Edited by roztom

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I have closed 1/2 at 05.50 for +2, and will look for 07.50 on the other most likely, unless it really screams up, in which case I may try to hold for 10.50

 

Nicely done... Well, I added @ 5.00 not crazy about it but everything here "suggests" 08.00ish is in the cards so I am going to unload most there and hold for Hail Mary pass 1411.00... but ACH... :helloooo:

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Nicely done... Well, I added @ 5.00 not crazy about it but everything here "suggests" 08.00ish is in the cards so I am going to unload most there and hold for Hail Mary pass 1411.00... but ACH... :helloooo:

 

Everyone...come on and join the "Hail Mary" project!! Heck, Hail Susan or Jane, for all I care...just press the GREEN button...(be advised that I have no feelings/emotion tied to this... ;) ) [ In fact, no animals were harmed in the typing of this post...]

 

Tom - when did you change your tag line? You got tired of finding out who the enemy was? :rofl:

 

CYP

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